Govt to launch inquiry into operations of FRC

The government is to launch an independent inquiry into the operations of the Financial Reporting Council.

Speaking in front of the Business, Energy and Industrial Strategy (Beis) and Work and Pensions select committees yesterday about the collapse of Carillion, business secretary Greg Clark said: “I think there is a strong case for reviewing the operations of the FRC, and that’s something I intend to require.”

He added: “I think we should look at the operation of the FRC to see whether there are changes that are required. That should be done independently, and I am sure the committees will want to play a role in examining that.”

A spokesperson for the FRC welcomed a review, stating it will “contribute positively” to the process.

    Share Story:

Recent Stories


Mortgage Insider Series 2 Episode 4: Understanding the first-time buyer
Listen to our latest episode where we discuss first time buyer experiences and changing mind-sets. We hear from recent first time buyers about the struggles they’ve experienced, and chat to Habito founder Daniel Hegarty and That Property Guy Kyle Mattison about how they bridge the communication gap. Make money work for you.

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.